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Laurel Road personal loans review

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Large loans for borrowers with strong credit and decent annual income.’s rating: 4.2 / 5.0


  • Best for doctors and dentists looking for competitive rates and large amounts.
  • Pick something else if you don’t have good credit and a high income.


Max. Loan Amount

8.01% to 16.30%



Min. Credit Score


Product NameLaurel Road
Min. Loan Amount$1,000
Max. Loan Amount$45,000
APR8.01% to 16.30%
Interest Rate TypeFixed
Min. Credit Score680
Minimum Loan Term3 years
Maximum Loan Term5 years
Turnaround TimeAs little as 2 business days

Expert review

Aliyyah Camp

Review by

Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.

Expert review

Laurel Road personal loans are ideal for doctors and dentists who are currently practicing or have a signed contract to practice in the next year. You can qualify for larger loan amounts — up to $80,000 — and APRs as low as 5.5%. It doesn’t charge any origination fees, and you can score a 0.25% discount on your interest rate by signing up for autopay.

Not in the medical field? You may be able to find a better deal elsewhere. That’s because its loans for all other borrowers are capped at $45,000 with rates on the higher side — especially if you have excellent credit.

Not sure Laurel Road is for you? Compare more options below.

Best of 2020
Finder experts pick Laurel Road as a 2020 best pick for personal loans.

First, am I eligible?

To qualify for a Laurel Road personal loan, you must meet these requirements:

  • Minimum credit score of 680+
  • US citizen or permanent resident
  • At least 18 years old

Laurel Road personal loans are best for borrowers with an annual income of at least $60,000 and a debt-to-income ratio of less than 40%.


  • Autopay discount of 0.25%
  • No origination fees
  • Special loan options for doctors, dentists and residents
  • $300 referral bonus


  • High credit requirements
  • Loans max out at $45,000

Special loan options for doctors, dentists and residents

Doctors and dentists currently in practice or who plan to complete their training in the next year and have a signed contract to practice can borrow up to $80,000 with APRs as low as 5.5%. Residents and fellows in training or who have a match letter can also qualify for a special loan option, with terms as long as seven years.

Compare other personal loan providers

Updated April 4th, 2020
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
3.99% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Fiona Personal Loans
4.99% to 35.99%
Good to excellent credit
Get loan offers from multiple lenders at once without affecting your credit score.
Monevo Personal Loans
3.49% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
Even Financial Personal Loans
4.99% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.
Upgrade Personal Loans
7.99% to 35.97%
Affordable loans with two simple repayment terms and no prepayment penalties.
PenFed Credit Union Personal Loans
6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
SoFi Personal Loans
5.99% to 18.64%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

What do customers say about Laurel Road?

BBB accreditedNo
BBB ratingA-
Trustpilot score4.4 out of 5 stars, based on 267 customer reviews
Customer reviews verified as of11 December 2019

There isn’t much out there. The most recent TrustPilot reviews rate Laurel Road well — but the most recent is from October 2018. There are no reviews with the Better Business Bureau (BBB), and the three complaints filed against it have their details hidden.

More about Laurel Road loans

How do I apply?

You can apply for a personal loan through Laurel Road’s short online application in just a few steps. Click the Visit Laurel Roads button on this page to be directed to its website. From there, you’ll click the Apply Now orange button to fill out the form.

Fill in your personal information such as your name, email, date of birth and Social Security number. Then click the next dropdown to continue.
Laurel Road personal loan application form 1

Fill in your employment status, monthly rent/mortgage payment, highest level of education. Here you’ll be asked how much you want to borrow and for what reason.
Laurel Road personal loan application form 2

You’ll have to confirm that you’ve read and agree to the Disclosures and Policies document. Checking your quoted rate won’t impact your credit score, but if you decide to move forward Laurel Road will conduct a hard credit pull that may cause a dip in your credit score.
Laurel Road personal loan application form 3

What information do I need to apply?

You’ll need to supply a few pieces of information to finalize your application:

  • Social Security number
  • Most recent education information
  • Government-issued photo ID
  • Two recent pay stubs

What happens after I apply?

Once Laurel Road makes its decision, you’ll receive a letter with your rate and disclosure information. The final step is accepting the loan’s terms and signing your promissory note.

How do repayments work with Laurel Road?

Laurel Road’s personal loans come with monthly repayments and terms between three and five years. Follow these three steps to make the most of your loan:

  • Sign up for autopay. Save 0.25% on your interest rate by setting up automatic payments from your bank account.
  • Avoid unnecessary fees. Laurel Road may charge a penalty fee for late payments. Autopay can help you avoid any potential fees that come with late payments.
  • Contact customer service. Contact Laurel Road at 855-245-0989 or Live chat is available through Laurel Road’s website.

Compare Laurel Road to other lenders to find the best deal available to you.

Frequently asked questions

Personal loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate personal loan providers.

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